by Lara | May 13, 2017 | Gold |
Upwards movement has continued as expected. With some structure now to analyse, targets can be calculated. Summary: A bounce has begun. It looks like a counter trend movement. Be diligent with risk management if trading this movement upwards. The target for Monday /...
by Lara | May 11, 2017 | Gold |
Last analysis expected upwards movement as fairly likely. This is what has happened. Targets are the same. Summary: GDX has a low in place and it looks increasingly like Gold does too. Targets for minor wave B are either 1,245 or 1,264, and these are equally as...
by Lara | May 11, 2017 | Bitcoin, Public Analysis |
Bitcoin has recently seen strong upwards movement along with increasing news coverage. A blowoff top may again be approaching. Will this herald just another interruption to Bitcoin’s upwards trend? Or could it be the end of this meteoric rise and the beginning...
by Lara | May 10, 2017 | Silver
Last week’s analysis provided a trend channel on the 2 hourly chart and advised to assume the downwards trend remained while price remained within the channel. This is what has happened so far. Summary:Price remains within the channel. If it breaks above, then...
by Lara | May 10, 2017 | Gold |
A small inside day indicates a small consolidation. Today’s candlestick completes a Harami reversal pattern, but this is not a strong reversal pattern though. An alternate Elliott wave count is provided. Summary: If GDX is again to lead Gold price, then Gold...
by Lara | May 10, 2017 | US Oil |
Short term analysis is given today to help members manage profitable short positions on Oil. Summary: The target is at 28.61 minimum. Downwards movement may show a further increase in momentum. Stops may now be set just above the Elliott wave invalidation point at...
by Lara | May 9, 2017 | Gold |
The target at 1,214 was met. However, the Elliott wave structure is incomplete with conditions entering oversold and On Balance Volume again at support. Summary: The target is now at 1,202. If price makes a new high short term above 1,225.18, then the probability that...
by Lara | May 9, 2017 | Copper, Trading Room, US Oil |
Today’s Trading Room looks at US Oil, Copper, CVX and $USB. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and for targets / invalidation points. US Oil (WTI Crude – Spot) TECHNICAL ANALYSIS Click chart to...
by Lara | May 8, 2017 | Gold |
The target, which has not been met, remains the same. Summary: The target is still 1,214. If this is wrong, it may be too low because price is at strong support and On Balance Volume is at support at the weekly and daily chart levels. Look out for a bounce to begin...
